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The ETF impact on crypto prices has taken a downturn, with Bitcoin and altcoins, including Avalanche (AVAX), declining. Avalanche, which initially soared following the SEC decision on Bitcoin ETFs on January 10, is now in the bearish zone. In its monthly time frame, its price dropped by a significant 14%, with many wondering if it will experience a rebound and how soon.
Meanwhile, a new Render (RNDR) challenger has emerged in InQubeta (QUBE), an emerging AI crypto. As a new ICO with potential, it has been enjoying significant attention as investors aim to ride its bullish wave from the onset.
InQubeta (QUBE) is a new AI crypto aiming to give established players like Render a run for their money. It is currently among the new ICOs with potential, raising a staggering $8.5 million in early funding. Moreover, analysts predict it is poised for explosive growth after launch, which explains the overwhelming presale participation.
In the seventh stage of the presale, a token costs only $0.0224. Experts tip it for a 6,500% rally after its launch, positioning it as the best new crypto to invest in. Hence, its launch has become one of the most anticipated, which you shouldn't miss out on.
In addition to its significant upside potential, it further stands out for its unique solution in the crypto space. It aims to become the first crowdfunding platform for AI tech startups through crypto, thereby reshaping the industry's fundraising landscape. In addition, its custom-built NFT marketplace, which will be a hunting ground for emerging and groundbreaking AI ventures, and features like governance and staking make it stand out more.
Avalanche (AVAX) is among the top crypto coins on the market, and for the right reasons. It is a layer-1 blockchain platform for decentralized applications (dApps) and custom blockchain networks. As one of Ethereum's biggest rivals, it aims to unseat it as the most popular blockchain for smart contracts.
One of the benefits of Bitcoin ETFs is exposure, which the entire industry initially rode. However, amid profit-taking, there has been a fall in token prices, notably Avalanche's. It experienced a 14% monthly drop, with the community hoping for a quick rebound.
With the market inching closer to a long period of rallying—a bull market—Avalanche is one of the altcoins to watch. Hence, a price swing in favor of the bull is anticipated in the coming weeks, making AVAX a bullish play not to miss out on.
Render (RNDR) is one of the most bullish narratives in the crypto space. It provides distributed GPU rendering on the blockchain, aiming to advance the next generation of rendering and AI technology. It enables a decentralized GPU cloud computing network for high-demand rendering tasks and AI/ML training.
Given the above, Render being one of the best coins to invest in is clear. Besides its solid fundamentals, it is also undervalued, meaning sufficient room for growth—a wave you can ride by grabbing a bag and HODL.
According to experts, it will skyrocket in 2024, as it is tipped as one of the narratives to lead the next bull market. To avoid experiencing the fear of missing out (FOMO) in the future, you can accumulate some Render tokens now.
Despite a significant drop in the price of Avalanche, it is expected to rally in the coming weeks. Meanwhile, in the AI crypto niche, hailed as the narrative to lead the next bull market, InQubeta has emerged as a new competitor to Render. To become an early adopter, simply click the link below.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
